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Mercados

Brazilian development bank hires BR Partners to sell stake in AES Tiete

SAO PAULO, June 16 (Reuters) - The investment arm of Brazilian development bank BNDES has hired investment bank BR Partners to sell its stake in power company AES Tiete Energia SA .

BR Partners will coordinate and define the sale model for AES Tiete, including a potential M&A process, BNDESPar said. (Reporting by Luciano Costa, Writing by Tatiana Bautzer)

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